New Directive 77/388/EEC on system of value added tax
Council Directive 77/388/EEC of 17 May 1977 on the harmonisation of the laws ofthe Member States relating to turnover taxes — Common system of value added taxand uniform basis of assessment has been significantly and repeatedly amended.Therefore there was need for an updated and integrated Directive governing thesystem of added valued tax. The new Council Directive 2006/112/EC on the commonsystem of value added tax summarizes the whole system and stipulates the rulesto be generally applied. The Directive also contains a list of Directives thatare repealed by this Directive. This Directive entered into force on 1 January2007 and must be implemented by Member States by 1 January 2008.
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Richard Schmidt spoke at the Czech Competition Authority’s St. Martin's Conference 2026
KŠB attorney Richard Schmidt spoke at this year's St. Martin's Conference, hosted by the Czech Competition Authority (CCA) in Brno on 11–12 November 2026. The conference is a fixture of the Czech competition law calendar, drawing leading practitioners from home and abroad.
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